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Dow Jones & Co. and the Chicago-based financial news service Briefing.com have agreed to a settlement of a copyright lawsuit, in which the latter has admitted to misappropriating “hot news” and headlines for its website.
Briefing.com agreed to pay an unspecified sum to Dow Jones, a unit of Rupert Murdoch’s News Corp, and admit to liability for infringing Dow Jones’ copyrights in published articles. Dow Jones called the payment “substantial.” Get the full story »
Microsoft Corp stepped up its legal battle with Motorola Inc on Tuesday, as the software company accused the phone maker of charging excessive royalties on network technology used in Microsoft’s Xbox game system. Get the full story »
Walgreen Co. is suing the Wegmans supermarket chain, claiming the New York-based grocery’s logo is too similar to its own. Get the full story »
Career Education Corp. said Tuesday that it will pay about $40 million to settle lawsuits filed by students in one of its culinary schools.
The settlement was recorded as a pretax charge against the company’s third-quarter earnings. In the quarter ended Sept. 30, Career Education reported net income of $26.1 million, or 33 cents a diluted share. Operating income excluding the $40 million charge was $78.3 million.
In the year ago quarter, the company, which operates for-profit colleges, reported net income of $20.8 million, or 25 cents a diluted share. The year-ago quarter also included a special item for $18.8 million in compensation expense. Get the full story »
The FDIC sued 11 former executives and directors at a failed Illinois bank on Monday, part of the regulator’s efforts to recover more than $1 billion of losses in its deposit insurance fund.
The lawsuit accuses former officials at Heritage Community Bank of negligence, gross negligence and breach of fiduciary duty.
The Federal Deposit Insurance Corp is planning to sue more than 50 officers and directors of failed banks to help replenish its deposit insurance fund, a spokesman for the regulator said. Get the full story »
The latest court quest by 10 Missouri beer consumers who tried to block InBev’s $52 billion takeover of U.S. beer giant Anheuser-Busch has fallen flat. Get the full story »
Potash Corp. on Tuesday filed an amended complaint in its lawsuit against unsolicited suitor BHP Billiton, offering fresh details from the court’s ongoing discovery process in the case. Get the full story »
A federal judge says constitutional free-speech rights protect Amazon.com customers from North Carolina tax collectors who wanted to learn what they bought from the online retailer.
Home and auto insurer Allstate Corp said on Monday it will pay 45 states a $10 million settlement after a review found it was inconsistent in the way it managed and used software to review bodily injury claims.
But the 18-month probe under the auspices of the National Association of Insurance Commissioners also found Allstate had not systemically underpaid claims, a finding that could have had much more serious implications. Get the full story »
Wal-Mart Stores Inc., the world’s largest retailer, on Friday said it was reviewing its options after a Canadian court ruled that a union properly won certification in a store in Saskatchewan. Get the full story »
The American Medical Association has been sued for using a girl’s image without authorization and in a false light in a marketing campaign launched in 2007, aimed at motivating politicians to tackle the issue of Americans without health insurance.
One of AMA’s print advertisements featured a girl named “Toya.” The ad says that Toya has a “severe” problem but her parents can’t afford health insurance. The same picture of Toya was featured on the AMA’s web site under a section called “stories of the uninsured.”
A Cook County lawsuit filed Friday said that Toya is China Travis, a girl from the Chicago area who has done some modeling. Her mother, Angela Wonsey, claims the ad is misleading and defamatory because Travis does not have a severe health problem and both of them are not “uninsured.” Get the full story »
Microsoft Corp. said Friday it has sued Motorola Inc., claiming that the Schaumburg-based company has violated nine of its patents with smartphones running Google’s Android operating system.
Microsoft, which is headquartered in Redmond, Wash., filed a lawsuit in U.S. District Court for the Western District of Washington on Friday. The company said it also filed a complaint with the International Trade Commission. Get the full story »
From The New Orleans Times-Picayune | A whistleblower suit alleging that Allstate Insurance Co. defrauded taxpayers by overbilling the National Flood Insurance Program has been unsealed in federal court in New Orleans.
The U.S. Chamber of Commerce and the Business Roundtable sued the Securities and Exchange Commission Wednesday over its rule giving shareholders an easier way to influence corporate boards. Get the full story »
